Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$319,036$319,036$450,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$130,964$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%5.512%7.560%
1st payment$1,700.34$1,700.34$3,091.19
2nd payment$0.00$873.09$0.00
Taxes / mo$236.42$236.42$236.42
Insurance / mo$166.67$166.67$166.67
MI / mo$263.61$263.61$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,367.03$3,240.12$3,584.27
Cash to close$180,964$50,000$50,000